Andritz has boosted its product offering after signing a contract to acquire Novimpianti Drying Technology.
Owned by Novigroup and based in Lucca, Novimpianti is a global supplier of engineered equipment and services for air and energy systems to paper and tissue manufacturers.
It has 40 employees and annual sales of €10m.
The PM supplier said the acquisition further strengthens its product offerings in the field of air and energy systems, mainly for tissue and paperboard machines.
Pietro Saccomano, Novimpianti chief executive, said: “The ambitions of Andritz to further grow in the tissue and paper business and their international position were decisive for the decision to hand over our company and know-how to them.
“The sale of Novimpianti will grant Andritz continuous growth in the area of air and energy systems based on the solid foundation we have built during the past decades.”